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Econ: Budget #313478

CBS Evening News for Saturday, Nov 14, 1987
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(Studio: Bob Schieffer) Report introduced.

(DC: Deborah Potter) Contd. mtgs. of White House and Congress budget negotiators to come up with plan to cut budget deficit reported [Representative Leon PANETTA - says President Reagan and Congress can't continue to have their own ways.] Items under consideration said to include new taxes, defense cuts, domestic cuts, entitlement cuts. [Brookings Institution Alice RIVLIN - says the stock market has given a warning and delays must end.] Republicans said accusing Democrats of stalling. [Representative Silvio CONTE - says he threw out proposal in disgust.] [Senator Lawton CHILES - says he has more plans.] Plan to hold down Social Security benefits noted. [Representative Anthony BEILENSON -says everyone is afraid to tamper with Social Security] Automatic cuts said to take effect if agreement not reached soon.

Reporter(s):
Potter, Deborah;
Schieffer, Bob
Duration:
00:02:20

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